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Credit Suisse increases Apple 2Q EPS, ups price target
Despite a flailing economy, Credit Suisse upped its projected 2Q EPS for Apple in addition to raising its price target for the stock up to $133. Credit Suisse now projects Apple to earn $1.09 a share on revenue of $7.76 billion. Previously, Credit Suisse projected EPS of $0.97 on revenue of $7.44 billion. For the […]
Continue reading...Barclays raises Apple target to $143 a share
6. April 2009
Barclays issued a report on Apple Stock today, and gave it an “Overweight” rating along with a target price of $143 a share, up from a previous target of $113. Citing what they believe will be a more diverse lineup of iPhones in addition to the release of an ultra-portable device, Barclays wrote that Apple […]
Continue reading...Why RBC analyst Mike Abramsky’s bearish position on Apple is hard to take seriously – It’s time to put him in check.
30. March 2009
Despite the upcoming launch of the iPhone OS 3.0 and rumors of a significant upgrade to the iPhone itself, Mike Abramsky of RBC remains cautious about Apple Stock, and is maintaining his “underperform” rating on the stock, along with his $70 price target. Abramsky wrote in a note to clients that Apple isn’t likely to […]
Continue reading...Ngmoco CEO and Rolando developer heaps praise on the iPhone – “Better than the DS, better than the PSP”
24. March 2009
Neil Young, founder of iPhone development house Ngmoco, heaped some heavy praise on the iPhone yesterday during a keynote address at the Game Developers Conference in San Francisco. Our love affair with the iPhone began by simply touching it. This was rapidly becoming the most important device I had ever owned. It was an all-encompassing, […]
Continue reading...Jon Stewart dismantles Jim Cramer, brings Apple stock manipulation to the forefront
19. March 2009
I realize this is ancient news in Internet years, but I haven’t yet had a chance to touch on Jon Stewart’s complete destruction of Jim Cramer on last week’s The Daily Show. Stewart brilliantly took Cramer to task over the way that he, and his CNBC cohorts, have relayed financial information to viewers over the […]
Continue reading...Analyst: Apple to introduce $99 iPhone
17. March 2009
Call it the rumor that just won’t die. Broadpoint AmTech analyst Brian Marshal noted this week that he believes Apple will eventually roll out a $99 iPhone model, along with a higher-end 32MB capacity model as well. We believe Apple is preparing to launch at least two new iPhones in the June quarter with a […]
Continue reading...The absurdity of Wall Street
6. March 2009
Can Wall Street get any more ridiculous? Today, JP Morgan analyst Mark Moskowitz lowered his earnings estimates for Apple and also lowered his projection of iPhone and Mac shipments, citing turbulent economic conditions. This earnings adjustment sparked a huge sell-off in Apple shares, with the stock dropping over 5% to $83.74 a share. What makes […]
Continue reading...O2 reports strong quarter, boosted by impressive iPhone sales
26. February 2009
Largely due to the success of its exclusive iPhone deal with Apple, UK mobile operator O2 bucked the economic downturn and reported impressive financial results in its last fiscal quarter. Specifically, iPhone sales in Britain were up 10.4% this past quarter compared to the same quarter a year-ago. Overall, O2 has sold over 1 million […]
Continue reading...Apple Stores still popular, but revenue on the decline
3. February 2009
Apple Stores continue to be a popular destination for shoppers, and foot traffic this past quarter was around the same level it was the same quarter a year-ago. The number of purchases, however, appear to have declined significantly, and the average revenue per store was down 17%. Despite lower retail revenue from its Apple Stores, […]
Continue reading...Another reason not to expect a Netbook from Apple
2. February 2009
MacimumNews, citing a poll from ABI research, reports that in a survey of more than 1,000 consumers, 79% of respondents view Netbooks primarily as a secondary device, while only 11% said they would consider using a Netbook as their primary computer. Why would Apple want to focus on providing what is largely perceived to be […]
Continue reading...Zune sales drop by 54%, down $100 million from last year
24. January 2009
All is not well over in Redmond. Fresh off the news that Microsoft would be laying off 5,000 employees, Engadget dug up an interesting tidbit in Microsofts quarterly filing that sheds some light on everyone’s favorite brown MP3 player. According to figures released by Microsoft, revenue from Zune sales decreased by $100 million from the […]
Continue reading...Bullish Apple analyst Gene Munster lowers earnings estimates and price target on Apple
23. January 2009
Gene Munster, a bullish analyst on Apple from Piper Jaffray, lowered his 2010 EPS estimate for Apple down to $5.46, from a previous estimate of $7.73. He also lowered his admittedly astronomically high price target of $235 down to $180. While that’s a significant drop, keep in mind that $180 is still more than twice […]
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9. April 2009
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